PFC provides Rs 2.9 billion credit to Phelan Energy Group

Power Finance Corporation Limited has provided financial assistance of Rs 2.9 billion to the Phelan Energy Group for the development of a 50 MW project at the Bhadla solar park in Rajasthan. The construction work on the project has commenced and the power plant is expected to be commissioned by October 2018. The project was awarded to the company in May 2017.